Agent

Real estate equity saves homeowner from foreclosure

Lender's risk deemed nonexistent
Published on Oct 27, 2004

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by CareyBot

Chapter 13 bankruptcy debtor Idolia M. Avila, age 71, owns a triplex worth $300,000. It is subject to a $178,916 first mortgage. Avila’s bankruptcy reorganization plan requires her to pay $1,339 monthly to mortgage lender Citifinancial Mortgage. But she has ...

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